15-69 - RTOWN OF PROSPER, TEXAS
RESOLUTION NO. 15-69
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, IN SUPPORT OF STATEWIDE PROPOSITION 7 FOR INCREASED
STATE FUNDING FOR TRANSPORTATION; MAKING FINDINGS; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the 84th Texas Legislature authorized a constitutional amendment for
increased transportation funding to be on the November 3, 2015, statewide ballot; and
WHEREAS, Proposition 7 is "the constitutional amendment dedicating certain sales and
use tax revenue and motor vehicle sales, use, and rental tax revenue to the state highway fund
to provide funding for non -tolled roads and the reduction of certain transportation -related debt;"
and
WHEREAS, if approved by voters, Proposition 7 would result in increased state funding
for transportation to be used for non -tolled roadway projects and to repay principal and interest
on general obligation bonds issued by the state; and
WHEREAS, although this would not fully fund the state's overall transportation needs, it
would be a key step toward securing funding for transportation projects in Texas; and
WHEREAS, the Town Council hereby finds and determines that it will be advantageous,
beneficial and in the best interests of the citizens of Prosper to support statewide Proposition 7
for increased state funding for transportation.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The Town of Prosper supports Proposition 7, the proposed amendment on the
November 3, 2015, ballot to address Texas' transportation needs.
SECTION 2
This Resolution shall become effective immediately upon its passage.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS ON THIS 27TH DAY OF OCTOBER, 2015.
APPROVED:
Ray , SmithMay r
Y
ATTEST:
Robyn Ea tl Town Secretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attopfe'y
Ordinance No. 15-69, Page 2